The Treasury and President William Ruto’s Council of Economic Advisors have identified an initial set of 35 parastatals that will be merged or wound up under the International Monetary Fund (IMF)-backed restructuring that could see at least 20 chief executives lose their plum jobs.
The restructuring will largely lead to mergers of State corporations with duplicating functions as well as winding up of struggling entities and transferring their functions to others, resulting in 15 “well-resourced” agencies.
